Global poll: 85% of individual investors in the Emirates put their confidence in local shares

Dubai, August 19 / WAM / The report of the “Pulse of the Individual Investor in the Emirates”, issued by the global trading platform “Itoro”, revealed that 85 % of individual investors in the Emirates are currently investing in local stocks, and that a large number of them continue to pump more investments locally, in response to the escalation of global trade tensions.

The poll, which included a sample of 1,000 individual investors in various parts of the UAE, showed wide support for national markets, where 39% of them invest in the Abu Dhabi market and 28% in the Dubai market, while 18% invest in both markets.

These trends are reflected in the great confidence in the performance of the Emirati economy, as 63% of investors expressed their being “very confident” from its current performance, while 59% expressed their great confidence in long -term performance of local shares.

In terms of future expectations, 48% expected great gains in the UAE stock market during the next 12 months, while 34% expected stable growth, as this conviction is consistent with their aspirations in the long term, as 58% believe that the Middle East region will achieve the highest returns during the next five years, superior to the United States, which came 50%.

With regard to the most attractive local sectors for investment during the next year, the existing real estate sector will lead by 55%, followed by the technology sector 48%, then financial services 37%, and the power sector 37%.

George Ndaf, General Manager of the Middle East and North Africa region of “Itoro”, stressed that the Dubai and Abu Dhabi markets are among the best stock markets in the world this year, as they outperformed by global indicators, such as “Standard & Poor’s 500”, where the survey results showed that investor confidence in the UAE market is still strong, driven by a steady performance of local indicators, and solid economic indicators, along with achieving Continuous profits in strategic sectors.
He explained that investors in the UAE tend to real estate, technology, financial services and energy, which are sectors that are currently benefiting from supportive government initiatives, noting that the most prominent amendment to the investment portfolios represented in increasing exposure to Emirati shares by 53 %, then increasing investment in basic commodities by 51 %.
These trends are in line with the classification of gold and precious metals as the most flexible assets at a rate of 49%, while digital currencies came second with 45%, as they are currently the most assets that investors keep in the UAE, as 54%of them invest.

It is noteworthy that the international platform “Itoro” is licensed and organized by the Financial Services Regulatory Authority “FSRA” of the Abu Dhabi Global Market “ADGM”.

• For more: Follow Khaleejion 24 Arabic, Khaleejion 24 English, Khaleejion 24 Live, and for social media follow us on Facebook and